The ProShares Online Retail ETF is seeing unusually high volume in afternoon trading Wednesday, with over 952,000 shares traded versus three month average volume of about 102,000. Shares of ONLN were up about 0.4% on the day.
What happened
Shares of Amazon (NASDAQ: AMZN) climbed higher on Wednesday, adding as much as 2.3%. As of 12:30 p.m. ET, the stock was still up 1.8% despite a generally down day for the market.
Amazon.com's (AMZN, $109.22) Prime Day is upon us once again. Alas, the frenzy of savings, discounts and deals on millions of items offered by the e-commerce giant is open only to Amazon Prime subscribers.
U.S. stocks slipped on Wednesday after hotter-than-expected inflation data fanned fears that the Federal Reserve might take a more aggressive stance on interest rate hikes, potentially tipping the economy into a recession.
Electric vehicle startups that promised to disrupt the automotive industry by using a software- and technology-heavy approach are now scrambling to cut costs amid the type of industry slowdown that has bedeviled Detroit automakers over the years.
Synchronoss Technologies SNCR recently announced that its personal cloud and email have been certified on the Alibaba BABA cloud and Alphabet’s GOOGL Google cloud.
Apple’s AAPL streaming service, Apple TV+, continues to gain recognition with its critically acclaimed and popular shows like Ted Lasso. This year, Apple TV+ has earned 52 Emmy nominations, with the second season of Ted Lasso getting 20 nominations overall. Another show,
On July 6, huge news reverberated across the food-delivery industry when Amazon (NASDAQ: AMZN) announced a partnership with Grubhub, a subsidiary of Just Eat Takeaway (OTC: JTKWY). As a part of the deal, Amazon Prime members have the ability to get Grubhub+ -- the company's premi
Investors have mixed feelings about eBay (NASDAQ: EBAY). The e-commerce website and platform thrived at the pandemic's onset when hundreds of millions wanted to avoid shopping in person. As a result, sales and customer signups surged. The economic reopening has had the opposite e
Amazon AMZN is firing on all cylinders to expand its footprint in the retail sector with its strengthening grocery business and growing physical presence. This is evident from its eye on Washington, DC’s Navy Yard for its new grocery store.Reportedly, the company intends
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P 500 ETF (Symbol: IVV) where we have detected an approximate $1.2 billion dollar inflow -- that's a 0.4% increase week over week
Teladoc Health (NYSE: TDOC) is a leading telehealth company that helps patients reach doctors, regardless of where they're physically located. The service picked up steam amid the early stage of the coronavirus pandemic, and some investors have been concerned that its popularity
Stock splits have been popular on Wall Street in 2022, with companies including Alphabet, Amazon, and Shopify participating in the frenzy. While stock splits have no material effect on a company's valuation, the practice can encourage retail investors to buy shares at the lower p
Wall Street veteran Jim Chanos has made a name for himself over the years by shorting stocks. His claim to fame was shorting Enron before it filed for bankruptcy in 2001. That was one of many high-profile and profitable short positions Chanos' investment firm, Kynikos Associates,
Amazon’s AMZN cloud-computing arm, Amazon Web Services (AWS), made its managed wide area network (WAN) service, namely AWS Cloud WAN, generally available.The new service aids in the seamless development, management, operation and monitoring of a global network with the he
Tyler Technologies TYL recently announced that it has successfully implemented its public safety solution suite for the Jersey Village Police Department in Texas. The solutions include Tyler’s Enterprise Public Safety, Enterprise Computer Aided Dispatch (“CAD”), Enterpris
When investors hear that Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has opened a position in a stock, adds more of the stock to the company's holdings, or sells a stock, invariably the questions start arising about why the Oracle of Omaha made the investing m
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has been stuck in the mud, but is the stock a buy now? Alphabet, the parent company of Google, will initiate a 20-for-1 stock split after market close on Friday, July 15. Alphabet's stock price soared to all-time highs after the pandemic, b
Shares of Amazon (NASDAQ: AMZN) are currently down by 34% so far this year. Investors are rightfully concerned about the impact of rising inflation on the company's logistics and labor costs. The company is also facing challenges associated with staff productivity and excess capa
Looking for broad exposure to the Large Cap Growth segment of the US equity market? You should consider the Vanguard Mega Cap Growth ETF (MGK), a passively managed exchange traded fund launched on 12/17/2007.